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How to Money
Weird Finance Bonus w/ Paco de Leon
Dec 30, 2023
Joel talks with Paco de Leon from Weird Finance about how investing in relationships impacts your finances. They discuss the consequences of being too frugal, the importance of self-awareness and priorities in personal finance, investing in relationships and Airbnb hosting, the negative effects of excessive internet usage, and the influence of simplicity on finances.
51:30
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Quick takeaways
- Simplicity in managing finances is significant, identifying what truly matters and spending actively
- In-person connections and spending time outdoors are crucial for genuine connections in our society
Deep dives
Importance of simplicity and the impact of childhood experiences on financial mindset
Joel Larsgard, co-host of the How To Money podcast, discusses the significance of simplicity in managing finances. He emphasizes the importance of identifying what truly matters and spending money actively on those things. Joel shares that his personal finance journey was influenced by his parents' financial struggles during his childhood, which motivated him to ensure money wouldn't be a point of contention in his future relationships. However, he acknowledges that finding a balance is crucial since being overly frugal can cause problems as well. Joel highlights the importance of understanding one's values and spending money accordingly.
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